AML CIP/KYC Sr. Associate

Northern Trust • Chicago, IL

1d • $67,500 - $111,500

About The Position

Northern Trust is a global leader in wealth management, asset servicing, asset management, and banking services. Since 1889, the company has been guided by its principles of Service, Expertise, and Integrity. With over 135 years of financial experience and more than 24,000 partners, Northern Trust serves sophisticated clients using leading technology and exceptional service. This role is for a Sr. Associate Consultant within Business Unit Control, focusing on Anti-Money Laundering (AML) and Customer Identification Program (CIP)/Know Your Customer (KYC) compliance.

Requirements

• Requires Financial Institution Regulatory and Compliance knowledge including AML, Customer Identification Program (CIP), Enhanced Due Diligence (EDD) and Know Your Customer (KYC) regulatory requirements and Economic Sanctions laws and regulations, usually acquired through formal education or experience.
• Requires strong analytical, interpersonal, verbal and written communication skills to analyze and summarize information.
• Requires Analytical skills to identify exceptions to policies/procedures.
• Requires strong written communication skills to document work completed and summarize findings.
• Requires strong organizational skills.

Responsibilities

• Reviews client files for conformance with applicable AML policies, procedures, and regulatory requirements for new WM account openings and works with front office teams to facilitate queries.
• Provides support and functional knowledge related to compliance with applicable AML laws, rules, and standards.
• Identifies and escalates to Global AML management any regulatory compliance risks associated with file reviews.
• Carries out business-related activities required to support Global AML Compliance guidelines.
• Provides support as requested by Global AML Management to resolve compliance issues, including actions in response to Regulatory exam and Audit findings.
• Uses existing procedures to solve standard problems; analyzes information and standard practices to make judgments.
• Conducts and adequately documents testing to assess compliance with and adherence to regulations and policies/procedures.
• Applies analytical skills to review information and determine potential control weaknesses or exceptions to policies/processes.
• Summarizes and communicates testing results in clear, concise language.

Benefits

• retirement benefits (401k and pension)
• health and welfare benefits (medical, dental, vision, spending accounts and disability)
• paid time off
• parental and caregiver leave
• life & accident insurance
• other voluntary and well-being benefits
• discretionary bonus program that may include an equity component

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed